Preparing for an IRS Audit: Essential Tips

The Reality of an IRS Audit Every year, millions of Americans fret over the possibility of receiving that dreaded notice in the mail: a declaration from the Internal Revenue Service (IRS) stating your taxes are under audit. The mere thought of an IRS audit can be intimidating. Yet, with adequate preparation, expert advice, and proper […]

Navigating the Waters of an IRS Audit

Understanding an IRS audit An audit by the Internal Revenue Service (IRS) is an examination of your accounts and financial information. During an audit, the IRS verifies the credibility of your income and deductions or credits reported on your tax returns. It’s their way of ensuring that you’re adhering to tax laws and that the […]

IRS Audit: Stories, Strategies, and Solutions

IRS Audit: An Overview An IRS Audit is a review or examination of an individual’s or organization’s accounts and financial information to ensure the reported amounts are correct according to the tax laws and that the tax reported is the correct amount. This process can be a daunting experience, especially for those facing it for […]

Surviving an IRS Audit: Tips and Tricks

Understanding IRS Audits The Internal Revenue Service (IRS) is notorious in the business world, and hearing about an IRS audit can strike fear into every entrepreneur. However, it’s essential to tackle this issue head-on to ensure the survival of your business. Broadly, an IRS audit is an examination of an organization’s or individual’s financial information […]